Wix
second quarter financial performance million million million million second quarter highlights revenue and collections exceeded high end of guidance again revenue grew year over year to million while collections grew year over year to million both metrics exceeded the high end of guidance of million and million respectively all key performance metrics improved year over year continued execution in product development and marketing drove improved metrics registered users increased by million during the quarter higher than last year and the highest in a quarter after our total user base grew to million as of the end of representing year over year growth premium subscriptions increased year over year to million we added net premium subscriptions during the quarter our second highest quarter ever we expect our existing user cohorts to produce billion in value over the next six years without any further investment in marketing conversion of users to premium subscriptions remains consistently high increasing year over year collections per new annual subscription in the us was similar to and an increase of year over year users continue to purchase packages with a vertical application attached at a faster rate than non vertical packages continued strong free cash flow generation free cash flow during the quarter was million compared to million in the same quarter last year representing annual growth we continue to generate positive free | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
July 2017
Slide
3 of 15
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Results
May 2017
first quarter financial performance million million million million first quarter highlights revenue and collections exceed top end of guidance growth accelerates year over year revenue grew year over year last quarter while collections grew in collections of million and revenue of million exceeded the top end of our guidance of million and million respectively all key performance metrics further improvement in our key performance metrics as a result of our superior product and technology as well as strong execution of our marketing and branding strategy improve we experienced a registered users increased by a record million during the quarter bringing our total user base to million as of the end of premium subscriptions increased year over year to million we added a record net premium subscriptions during the quarter subscriptions purchased by users that registered during the quarter represent over million in future value that we expect to collect over the next six years without any additional marketing new paid subscriptions purchased by registered users that joined our platform during were higher than subscriptions purchased by new users in the cohort this was due to an increase in registered users and record conversion of registered users to paid subscriptions we achieved this growth while maintaining our of months the continued improvement in conversion is a result of ongoing enhancements to our editor platform continued benefits from and the overall improved functionality of our | Wix
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